Rosneft and Mitsui sign MOU to develop Russian petchem site

9:19 AM MDT | May 23, 2013 | —Francinia Protti-Alvarez

Rosneft (Moscow) and Mitsui & Co. have signed a memorandum of understanding (MOU) to develop jointly Rosneft’s previously announced Far East Petrochemical Co. (Fepco) project near Nakhodka, in Russia’s far east. The world-scale petrochemical complex, in its first stage, will be able to process 3.4 million m.t./year of feedstock, predominantly naphtha....